Worries over the coronavirus drove equity markets down, including real estate stocks. Zillow, Redfin, Realogy and eXp Holdings all saw the price of their stocks plummet.
However, panic has not set in because the overall real estate market in the U.S. remains strong as Danielle Hale, an economist at Realtor.com, said “Demand is very healthy. I think that bodes well for the housing market.”